Move over American Express Platinum, the Venture X Credit Card is here to attract your customers, and it has some appealing perks worth considering.
If you love traveling and collecting points, the Venture X credit card might be your new best friend. Let’s dive into what makes this card stand out and why it’s challenging American Express.
Venture X, offered by Capital One, is designed to cater to travel enthusiasts looking for post-pandemic adventures. Here’s why it’s unique and how it competes with American Express:
Firstly, the card offers impressive rewards: 10x miles on travel purchases like hotels and rental cars, 5x miles on flights, and 2x miles on everything else, including daily expenses. To maximize your miles, book through the Capital One travel site.
Right now, they’re offering 75,000 bonus miles if you spend $4,000 in the first three months. For frequent travelers, this should be easy. Plus, you’ll get 10,000 bonus miles (equal to $100 travel credit) on your card’s first anniversary. No other card offers this kind of deal.
If you love the card, refer friends and family. Each successful referral gets you 100,000 bonus miles.
Beyond earning miles, the card offers other benefits:
– Access to Hertz President’s Circle status, letting you skip rental car lines and qualify for upgrades.
– Earn 10x miles for Turo rentals.
– Price recommendations based on historical trends when booking through Capital One. If you find a lower price within ten days, they’ll give you a $50 travel credit and refund the price difference.
– Phone protection plan if you pay your cell phone bill with the card, covering up to $800 if your phone is lost or stolen.
You can redeem your miles in two ways: towards past travel purchases within 90 days of the transaction or for future travels by applying credits at checkout on the Capital One site. You can also transfer miles to partner companies, though U.S. airlines are not currently partners.
If travel isn’t your priority, you can redeem miles for gift cards or a statement credit, with an exchange rate of 100 miles per dollar. For example, a $300 flight would require 30,000 miles.
The card has a $395 annual fee, which is cheaper than the American Express Platinum’s $695 fee. If you use the $300 annual travel credit, the net cost is only $95. Approval requires an excellent credit rating.
Pros:
– Rapid mile accumulation for frequent travelers.
– 2x miles on everyday purchases.
– Flexible redemption options, including non-travel rewards.
– Affordable annual fee when considering the travel credit.
– Access to over 100 airport lounges worldwide and the ability to bring two guests for free.
Cons:
– Best deals are often found through the card’s travel portal, which can be limiting.
– No U.S.-based airline partners for mile transfers.
– Annual fee, though lower, still needs to be considered.
– Limited lounge availability in the U.S., though it’s expected to grow.
Overall, the Venture X credit card offers generous perks, especially for frequent travelers. Its 10x miles for hotels is particularly attractive. However, as a new card, some benefits like lounge availability might take time to fully develop.
For those traveling internationally or living abroad, the Venture X card could be very beneficial. Even U.S.-based travelers with big travel plans might find it worth trying, especially with the 75k bonus miles offer.
Traveling can be expensive, and a good travel credit card can make a big difference. With many options available, it’s important to do your research and see which card fits your travel style best. The Venture X card offers great benefits at a lower cost compared to competitors, making it worth checking out for your travel needs.